Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamatressen Depreciation on nalespersons vehicles Thread Utilities for factory Cutting room supervisor 's salary President's salary Premium quality cotton material $ 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75, 800 41,600 840 Buttone Factory insurance Depreciation on sewing machines Wages paid to cutters 18,400 6,900 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor for Cotton White. 3. Compute the cost of menufacturing overhead for Cotton White. 4. Compute the total manufacturing cost for Cotton White.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please answer 7
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:
Factory rant
Company advertising
Wages paid to seamatresses
Depreciation on salempersons vehicles
Thread
Utilities for factory
Cutting room supervisor's salary
President's salary
Premium quality cotton material
Buttons
36,500
25,500
76,800
31,300
1,040
24,000
30,300
75, 800
41,600
840
Factory insurance
Depreciation on sewing machines
Wages paid to cutters
18,400
6,900
50,500
Required:
1. Compute the cost of direct materials for Cotton White.
2. Compute the cost of direct labor for Cotton White.
3. Compute the cost of menufacturing overhead for Cotton White.
4. Compute the total manufacturing cost for Cotton White.
5. Compute the prime cost for Cotton White.
6. Compute the conversion cost for Cotton White.
7. Compute the total period cost for Cotton White.
Transcribed Image Text:Please answer 7 Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rant Company advertising Wages paid to seamatresses Depreciation on salempersons vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons 36,500 25,500 76,800 31,300 1,040 24,000 30,300 75, 800 41,600 840 Factory insurance Depreciation on sewing machines Wages paid to cutters 18,400 6,900 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor for Cotton White. 3. Compute the cost of menufacturing overhead for Cotton White. 4. Compute the total manufacturing cost for Cotton White. 5. Compute the prime cost for Cotton White. 6. Compute the conversion cost for Cotton White. 7. Compute the total period cost for Cotton White.
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